Accumulation and Payout phases are the two distinct phases of a deferred annuity. A deferred payment annuity is an insurance product that provides future payments to the buyer rather than an immediate stream of income.
Answer: Option 3
$$\eqalign{
& \sqrt {a + b\,} \,{\text{and }}\sqrt a + \sqrt b \cr
& {\text{Squaring both sides}} \cr
& {(\sqrt {a + b\,} )^2}{\text{and (}}\sqrt a + \sqrt b {)^2}...
